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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

Premium bonds: odds of a win to get worse from April

An NS&I Premium Bonds holder celebrates after revealing a £500 prize win on the NS&I App
As a result the odds of winning with each £1 bond number will lengthen – from 22,000-1 to 23,000-1. Photograph: Justin Long/Alamy

There was some bad news this week for Britain’s 22 million-strong army of premium bond holders: the odds of winning a prize are to get worse.

National Savings and Investments (NS&I) says it is cutting the proportion of the total invested amount paid out in prizes from 3.6% to 3.3% a year with effect from April’s draw.

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